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November, 2003
Notice on Revision of Post-Payment Clearance of Express Shipments
Dear valued customers,
"Post-Payment Clearance", which took effect as of March 1, 2003, in accordance with Customs Notification 2003-1 (dated January 22, 2003), "Notifications Pertaining to Express Shipment Clearance Process", will be revised effective November 1, 2003 as follows;
1. Post-Payment Clearance Process
Under Post-Payment Clearance process, your shipments will be cleared first, followed by your Duty/Tax payment directly to Customs within 15 days grace period.
2. Applicability
Express shipments with Declared Value for Customs between US$60 ~ US$ 3,000.
(May not apply to items such as personal gifts and specially designated commodities by Customs)
3. Duty/Tax Payment Procedures
A Payment Notification slip will be delivered to you together with your packages. You are required to make a direct payment to the designated Customs banks or through internet banking procedures listed below. Please note that payment must be made to Customs within a 15 days' grace period from the date of payment notification. Please fax us at 032-744-6170~5 your proof of payment such as paid receipt including AWB number, telephone number, fax number, and name of contact person, and we will fax duty/tax VAT receipt to you.
* Internet Banking Procedures
- Shinhan, Woehwan, Busan, Hanmi, Hana bank: Public Impose Duties & Taxes ->Customs -> Import Declaration number
- Kookmin Bank : Public Impose Duties & Taxes -> Customs ->Outstanding Balance -> Import Declaration number
- Woori Bank : Public Impose Duties & Taxes -> Customs Duty -> Import Declaration number
- Choheung Bank : Public Duties & Taxes -> Import Duty -> Import Declaration number
- Ki-up Bank : Public Duties & Taxes -> National Treasury -> Customs Duty -> Import Declaration number
- Jeil Bank : Money Transfer -> Remittance -> Customs -> Import Declaration number
Remark ) Instruction for Customs Duties & Taxes : www.customs.go.kr
Should payment NOT be made within the given time frame, you may be placed on a disadvantageous Customs Management List. In addition, please keep in mind that you will be invoiced a surcharge of late payment (3,340 Won or 2% of Duty/Tax due, whichever is greater).
Please contact our FedEx Clearance Team at 032-744-6114 if you have any questions. We hope that with this change, we will provide enhanced services for our valued customers.
Thank you for choosing Federal Express.
David Carden
Representative Director
Federal Express Korea
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